Cos Advanced Senior Final 2.0

A sole proprietorship is a business owned by:

When do licenses expire?

You should keep all records of daily sales and services for how many years?

Who must apply for a state sales tax permit before collecting taxes on products sold?

A rental agreement can also be called a:

The type of business ownership in which 2 or more persons share all costs and maintenance is a:

Net worth is calculated by subtracting liabilities from which of these?

Before a salon owner can hire any employees, they have to apply for a:

What percentage of the total salon expenses generally represents compensation for the salon owner and employees?

How long does it take for an expired license to be considered lapsed?

Which of the following business types is owned by the shareholders and formed under legal guidelines?

Networking provides all of the following benefits EXCEPT:

When are continued education hours required to be completed?

Product purchased by the salon owner for use during services or retailing is known as:

Which buyer wants to know all of the facts about a product before purchasing it?

About how often does a loyal client visit a salon?

The renting of a space by an individual professional on a monthly basis is referred to as a(n):

Which type of insurance protects the salon owner from financial loss due to an employee's negligence?

The tax based on the profits of a business is called?

An operating agreement in which a business functions under a parent corp in exchange for advertising & management is a:

Which of the following concepts involves converting new clients to return clients?

Biennial licensing period means licenses must be renewed:

A realistic goal is one that:

Which of the following refers to all money owed?

A set income given to an employee on a weekly or monthly basis is known as: